Friday, January 23, 2015

The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:** A group of Brazilian telecommunications companies is ready to make a bid for wireless carrier TIM Participacoes SA in the short term, a source with knowledge of the situation told Reuters, after Oi SA secured shareholder approval for the sale of its Portuguese assets.

Oi SA, formerly Brasil Telecom SA, is a Brazil-based holding company engaged in the provision of Switched Fixed-line Telephony Services (STFC) domestically and internationally. Shares of OIBR remained unchanged at $2.90. In the past year, the shares have traded as low as $0.40 and as high as $18.50. On average, 1866460 shares of OIBR exchange hands on a given day and today's volume is recorded at 88350.

Shares of OIBR-C remained unchanged at $3.02. On average, 0 shares of OIBR-C exchange hands on a given day and today's volume is recorded at 0.

TIM Participacoes SA (TIM) is a Brazil-based holding company engaged in the telecommunications segment. Shares of TSU remained unchanged at $24.38. In the past year, the shares have traded as low as $20.79 and as high as $30.52. On average, 1308440 shares of TSU exchange hands on a given day and today's volume is recorded at 2100.

Please Donate

Article Archive

The reports on this site are for information purposes only and are not a recommendation for the purchase of securities. The information contained in these reports have been gathered from sources we believe to be reliable, however, we make no guarantee as to the accuracy or completeness to such information.